Tuesday, July 28, 2015 2:51:57 PM
1. They can try and buy up all the shares by making a last offer to the market on the outstanding shares held in public hands - as stated this is likely between 1.5 - 2 million shares. They could sell it as a clean shell to a company wanting to go public.
2. As above they could also move a company of their own or one they have a vested interest into the shell. They are very well connected the Zachs and have interests in other companies. If they own most of the stock and have majority voting rights they could do anything they want with the share structure to raise additional capital by selling shares to the market - almost an IPO situation.
3. They could fold the company all together (if they have supermajority rights) and distribute the cash they have in the bank after the settlement on the lawsuits are squared away. A certain price per share.
Not sure what they will choose but I suggest they will have to inform their shareholders (ZIPL shareholders) of the financial outcome of all the lawsuits (they will not detail financial compensation of individual cases as they have probably signed NDAs)and then maybe disclose what their plans for the company are, as suggested above.
Glen
FEATURED Cannabix Technologies Launches New Compact Breath Logix Workplace Series and Prepares for Delivery to South Africa • May 7, 2024 8:51 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM